Miniso Group Holding Ltd Stock Price, News & Analysis

MINISO Group Holding Limited (MNSO) announced that it will release its December quarter 2021 financial results on March 3, 2022, before U.S. markets open. The management will hold an earnings conference call at 7:00 A.M. ET on the same day to discuss the results. The call will be accessible via Zoom and through multiple dial-in options. MINISO is recognized for its affordable, design-led lifestyle products and has rapidly expanded its global store network since 2013.

Carmila reported a strong financial performance for 2021, with recurring earnings per share at €1.24, exceeding guidance and up 3% from 2020. A cash dividend of €1.00 per share is proposed, along with a new €20 million share buyback program. The company anticipates 10% annual growth in recurring earnings for 2022 and 2023. A solid balance sheet is bolstered by a loan-to-value ratio of 37.4% and an EPRA Net Disposal Value of €22.99 per share. The strategic plan aims for sustainable growth and net zero emissions by 2030.

Facedrive Inc. announced a change in its senior management, with Nastassia Law resigning as Chief Financial Officer, effective March 4, 2022. She will assist in transitioning to Jason Xie, who previously served as Vice President of Operations and Finance. Xie brings over 15 years of financial management experience and has led the establishment of new internal financial controls since joining in 2021. This transition aims to better integrate finance with operations, aligning financial management with accounting standards relevant to technology platforms in the gig economy.

Lifestyle retailer MINISO has successfully raised $153,300 through its 'Take Penpen Home' campaign in collaboration with ECOAN, a Peruvian NGO, to support a reforestation program in the Andes mountains. Over the next 15 months, 115,000 trees will be planted, enhancing climate resilience. The campaign, launched in November 2021, saw strong consumer participation with 15% of plush toy sales attributed to the MINI Pen plush toy, underscoring public commitment to environmental causes. With over 100 stores in Latin America, MINISO continues to expand its socially responsible initiatives.

MINISO Group has authorized a $200 million share repurchase program effective until September 21, 2022. The program aims to buy back its Class A ordinary shares and American depositary shares using surplus cash. Repurchases will occur through market transactions, block trades, or other legal means, depending on market conditions. The board will periodically review and adjust the program's terms. This initiative reflects the company's strategy to enhance shareholder value by optimizing its capital structure.

MINISO has reported a successful year in Italy, having opened 10 stores since April 2021, including a flagship outlet in Vulcano Buono Centre. The retailer plans to launch 4 more locations this year and expand to Milan in 2022. The brand attributes its success to effective localization strategies, collaborating with local influencers, leading to a tripling of sales in Italy. As of November 30, MINISO operates 169 stores across Europe, having rapidly expanded to 4,871 stores worldwide by September 30, 2021.

MINISO has expanded its retail presence in the U.S. by opening six new stores on November 27, 2021, under its '$10 N' Under' concept, predominantly along the east coast. The new stores are located in Delaware, Virginia, New Jersey, New York, and Texas, offering products priced at or below $10. The flagship store in Flushing is set to open next year, complementing a pop-up in SoHo, New York City. This initiative aims to enhance MINISO's understanding of local consumer preferences and expectations.

MINISO, a lifestyle retailer, is collaborating with Peruvian NGO ECOAN to support reforestation in the Andes through the Acción Andina initiative. Starting November 13, for each Penpen plush toy sold, MINISO will donate $1.33 to the cause. The first 115,000 buyers will receive donor certifications. The initiative aims to raise awareness of climate change, particularly its impact on the Adélie penguin, whose population has decreased over 65% in the Antarctic Peninsula. The campaign aligns with MINISO's rapid expansion in the Americas, including significant growth in the U.S. and Mexico.

MINISO Group Holding Limited (NYSE: MNSO) reported its unaudited financial results for Q1 FY2022, ending September 30, 2021. Revenue reached RMB2,654.1 million (US$411.9 million), up 28.1% year-over-year, surpassing guidance. Gross profit was RMB728.4 million (US$113.1 million), a 39.4% increase, resulting in a gross margin of 27.4%. Operating profit stood at RMB213.5 million (US$33.1 million), recovering from a loss in Q1 FY2021. Despite pandemic impacts, the company added 122 MINISO stores, totaling 4,871. Adjusted net profit surged 80.3% to RMB184.2 million (US$28.6 million).